LONDON, Nov. 14 (UPI) -- Rupert Murdoch, chairman of Britain's pay television network BSkyB faced down angry shareholders in London Friday to install his son on the board.
James Murdoch, 30, had been appointed BSkyB's chief executive just two weeks ago, the London Telegraph reported Saturday.
During the shareholder's meeting, during which votes were cast on the younger Murdoch's nomination to the board, cries of nepotism were long and loud.
"You are not listening to us," one shareholder said. "You have treated us with complete contempt. I have an image of the major decision of the company being taken over the family evening meal. This is not a family concern; this is a publicly listed company."
To which the elder Murdoch responded: "If you don't wish to believe us or believe the results, I think you want to sell your shares."
Observers noted that the Murdochs' were essentially guaranteed of succeeding because of the large number of proxy votes cast before the meeting.
